Nansha's economy posts robust growth in Q1

The Nansha district in Guangzhou reported robust economic growth in the first quarter of 2021, with GDP of 44.21 billion yuan ($6.81 billion), up 20.6 percent year-on-year.

The added value of Nansha's primary industry in the first three months grew by 3.2 percent year-on-year to 1.04 billion yuan. The added value of the secondary industry increased by 34.9 percent year-on-year to 16.46 billion and the tertiary industry's added value climbed 13.8 percent to 26.71 billion yuan.

The industrial output value of companies above a designated size in Nansha - those with annual revenue of 20 million or more - in Q1 stood at 74.23 billion yuan, a year-on-year increase of 41.4 percent. 

Q1 fixed-asset investment in Nansha jumped by 30.6 percent year-on-year and its general public revenue budget increased by 23.4 percent year-on-year to 2.71 billion yuan. 

Industry, wholesale and retail, real estate and the for-profit service industries have been listed as the main drivers of Nansha's economic growth in the first three months.